Accenture (NYSE:ACN) stock rose about 8% on Thursday following its results for the third quarter of fiscal 2020. The company posted better-than-expected results.
On March 18, Accenture (NYSE:ACN) stock fell 4.2% and closed at $151.15. Based on the last closing price, the company has a market cap of $99.3 billion.
Infosys (INFY) shares have fallen 14% today. The pullback means that the company has risen 3.8% year-to-date. The stock has traded flat in the last 12 months.
IBM’s shareholder returns and stock trends In this series, we’ve discussed IBM’s (IBM) segment-wise performance in fiscal 4Q17. Let’s have a look at IBM’s technical indicators, which are helpful in making market entry and exit decisions. On January 30, 2018, IBM stock had fallen 6.2% in the last 12 months, and 6% in the last […]
US-based (SPY) Cognizant Solutions (CTSH) stock has generated returns of 29% in the trailing-12-month period, 10% in the trailing-one-month period, and 0.5% in the trailing-five-day period.
On January 26, 2018, International Business Machines (IBM) with a market cap of approximately $155 billion continued to be the largest player by market capitalization in the IT consulting space.
In the previous part of this series, we saw that NetApp’s (NTAP) revenue in fiscal 2Q18 rose YoY (year-over-year), driven by a robust product portfolio and strong demand for storage solutions.
Since the start of 2017, Cognizant’s stock has risen 34%, after falling ~6.7% in 2016. The stock has generated returns of 1% in the past five trading days.
Analysts expect Cognizant’s (CTSH) revenues to rise 9.7% YoY to $14.8 billion in fiscal 2017, compared with its revenues of $13.5 billion in fiscal 2016.
Before Vivant Digital, IBM made several acquisitions in 2016 to boost its iX business. IBM acquired Ecx.io, Aperto, Resource/Ammirati, Bluewolf Group, and Expert Personal Shopper.
As of July 26, IBM stock has fallen 10% in the trailing-12-month period, 5.1% in the trailing-one-month period, and 5.07% in the trailing-five-day period.
Wall Street’s views on IBM stock Earlier in this series, we compared technical indicators for IBM (IBM) and peers Accenture (ACN), Cognizant Technology Solutions (CTSH), and Teradata (TDC), and looked at IBM’s value proposition in the IT (information technology) consulting subsector. Let’s see what analysts’ take on IBM stock is. Of the 26 analyst recommendations for […]
IBM’s scale in the systems software space Let’s look at IBM’s (IBM) value proposition in the IT (information technology) consulting space. Let’s start with IBM’s size. As of July 11, 2017, and as you can see in the graph above, IBM, with a market cap of more than $144 billion, was the largest software player […]
In June 2017, Accenture (ACN) announced the acquisition of SolutionsIQ for an undisclosed amount. SolutionsIQ provides agile transformation solutions for enterprises.
Activist hedge funds’ stake in Salesforce Earlier in this series, we discussed factors that will work in Salesforce’s (CRM) favor in 2017. It is seeking to double its revenue to $20 billion by 2021–2022. According to Bloomberg, hedge fund and activist investors, namely Corvex Management, Jana Partners, and Sachem Head Capital, had taken a stake in […]
The buyout bandwagon Salesforce’s (CRM) recent acquisition of Sequence will boost its Lightning Design System, which enables customers to develop customized applications. In 2016, IBM (IBM) acquired five design companies to strengthen its digital agency, IBM iX (Interactive Experience): Ecx.io, Aperto, Resource/Ammirati, BlueWolf Group, and Expert Personal Shopper. Over the years, IBM has aggressively resorted to […]
In this article, we’ll take a look at the market’s views on IBM and its metrics. Of the 25 analysts covering IBM, seven have issued “buy” recommendations.
In past quarters, traditional IT services firms Cognizant, Infosys, and Wipro have focused on providing digital products and services in cloud computing.
Cognizant’s annual revenues of $13 billion, with its annual cash flow of $1 billion and balance sheet of $4 billion, should help with shareholder returns.
While Cognizant Technology Solutions’ (CTSH) market cap has grown 43 times in size between fiscal 2001 and fiscal 2015, its revenue has risen by 70 times.
Shares of technology firm Cognizant Technology Solutions rose 6.9% on November 28, 2016, when the American hedge fund Elliott Management took a 4% stake.
On November 30, IBM was the largest player by market capitalization in this space, followed by Accenture. Cognizant (CTSH), Infosys, Wipro, and Teradata.
Elliott management’s high stake and recent stimulus to Cognizant’s (CTSH) stock is part of a plan to push the stock to $80–$90 per share by the end of 2017.
In September 2016, Gartner named Computer Sciences (CSC) one of the leaders in its Magic Quadrant for Data Center Outsourcing and Infrastructure Utility Services, North America.
US-based (SPY) Computer Sciences (CSC) will be announcing its fiscal 2Q17 results on November 3, 2016. Analysts estimate that it will post revenue of $1.9 billion.
In fiscal 2015, Cognizant’s (CTSH) Financial Services segment accounted for 40.3% of total revenue, followed by 29.5% for the Healthcare business and 18.9% for Manufacturing.
Cognizant Technology Solutions (CTSH), a US-based technology company, will announce its 3Q16 earnings on November 2, 2016. Cognizant’s earnings per share are estimated to be $0.84, with a high estimate of $0.86 and a low estimate of $0.82.
In fiscal 1Q17, Accenture expects revenue in the range of $8.4 billion to $8.65 billion, which would mean YoY growth of 5%–8% on a constant currency basis.
According to technology (QQQ) firm Cognizant (CTSH), digital transformation is a key driver for demand and creates new areas of growth through innovation and differentiation.
Although Cognizant is quickly becoming a major player through a series of acquisitions in the digital transformation space, it faces competition from technology (QQQ) heavyweights like Microsoft.
In the last few quarters, Cognizant has increased its focus on high growth and the high profit segments of its business consulting and business process outsourcing.
Cognizant Technology Solutions (CTSH) will announce its 2Q16 earnings on August 5, 2016. Analysts estimate that the company will post revenues of $3.4 billion.
On July 15, 2016, India’s leading IT giant, Infosys (INFY), announced its fiscal 1Q17 results. INFY reported revenues of $2.5 billion and earnings per share of $0.22.
While tech firms like Cognizant and Infosys are focusing on process automation, Hewlett-Packard plans to reinvent the manufacturing process in 3D printing.
Of the 15 analysts covering Computer Science Corporation’s (CSC) stock, four have given it a “buy” recommendation and 11 have given it a “hold” recommendation.
Akamai is developing new services for its customers, as its competitors are now capable of providing content delivery network services at similar prices.
